California Resources Corp

California Resources Corporation operates as an energy and carbon management enterprise. The company engages in the exploration, production, and marketing of crude oil, natural gas, and related commodities. Beyond conventional oil and gas production, its operations include electricity generation and carbon management activities, notably through its Carbon TerraVault joint venture focusing on carbon capture and storage initiatives. Its products and energy services are primarily supplied to commercial, industrial, and utility customers.

The company's operations are concentrated within the United States, primarily in the State of California, with operational properties and facilities situated in regions such as the Elk Hills and Ventura Basin areas. Its corporate headquarters are located in California, where it conducts its exploration, energy generation, and management activities across state and local jurisdictions.

Summary of the business section of California Resources's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“We had approximately 2,500 employees as of December 31, 2025, as compared to approximately 1,550 as of December 31, 2024, all of whom were located in the United States.”